MicroStrategy To Raise $600 Million To Buy More Bitcoin

MicroStrategy Incorporated (Nasdaq: MSTR) has announced its plans to offer $600 million aggregate principal amount of convertible senior notes due 2030 in a private offering to qualified institutional buyers. The offering is subject to market conditions and other factors, with the potential to increase by an additional $90 million.

JUST IN: MicroStrategy to raise $600 million to buy more #Bitcoin pic.twitter.com/oCKnn8KDpy

— Bitcoin Magazine (@BitcoinMagazine) March 4, 2024

These unsecured, senior obligations of MicroStrategy will bear interest payable semi-annually and mature on March 15, 2030. The company intends to grant initial purchasers an option to purchase additional notes within…

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